Moscow, Russian Federation – Mobile TeleSystems OJSC (“MTS” – NYSE: MBT), the largest mobile phone operator in Russia and the CIS, announced the decisions reached at the Board of Directors meeting held on April 14, 2008.
At the meeting, MTS’ Board of Directors (BoD) set the date for the annual general meeting of shareholders (AGM) for June 27, 2008. The record date for the Company’s share- and ADR-holders entitled to participate in the AGM and to receive dividends for 20071 has been set for May 8, 2008.
- A total of eight candidates have been nominated for election to the BoD:
- Mr. Anton Abugov, First Vice-President, Head of Strategy and Development, Sistema;
- Mr. Alexey Buyanov, Senior Vice President, Head of Financial Group, Sistema;
- Mr. Sergei Drozdov, Senior Vice President, Head of the Property Group, Sistema;
- Ms. Tatiana Evtushenkova, Advisor to the President of MTS;
- Mr. Mohanbir Gyani, independent candidate;
- Mr. Leonid Melamed, President and CEO of MTS;
- Mr. Paul Ostling, independent candidate;
- Mr. Vitaliy Savelyev, First Vice President, Head of telecommunications asset management division, Sistema.
Other issues entered into the AGM agenda by MTS’ BoD include:
- Reorganization and approval of a merger of BashCell and MSS into MTS;
- The approval of the Russian version of the Company’s 2007 annual report;
- Approval of the Company’s financial statements for the year 2007;
- Approval of dividend amount for the year 2007;
- Election of members to the Company’s Auditing commission;
- Approval of the Company’s Auditor; and
- Approval of the Statute on compensation of members of the Company’s BoD.
1 MTS’ BoD will decide on the recommended size of dividends for full year 2007 for approval by the AGM at its meeting in May.
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